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I C D X A $23,860 loan is to be settled by making payments of $6,849 at the end of every six months. The interest
I C D X A $23,860 loan is to be settled by making payments of $6,849 at the end of every six months. The interest is 7.2% compounded annually. a) Find the number of payments in the term. N b) Fill in the missing values of the amortization schedule below. Round off your answers to two decimal places. Enter a positive value for all answers. Payment Number 0 1 2 3 4 Payment Amount (S) PMT $ $ 30 76 Interest Portion Principal Portion (S) INT (S) PRN Loan Balance ($) BAL $23,860 2am.humber.ca- rave Rave rave 2
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